Let the merger & acquisitions begin https://www.bizjournals.com/stlouis/news/2025/06/30/edward-jones-overlay-management-services-natixis.html?csrc=6398&link_source=ta_first_comment&taid=68695a3edfabe90001222bc3&utm_campaign=trueAnthemTrendingContent&utm_medium=social&utm_source=facebook
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An actual solid move by Edward Jones
I fail to see how acquiring other companies and bringing their work in house indicates an upcoming sale. If anything, it'd indicate the opposite.
EJ is a behemoth that spans across multiple business segments including brokerage, fee based and includes an army of high maintenance 20k of advisors.
There is no firm in the world who could justify acquiring or merging with EJ. Absorbing a firm of this size with this structure is economically not feasible.
Edward Jones was 70% of Natixis revenue. We relied on them too much and effectively this was just a formality. It’s actually a smart move. Building this kind of expertise in house makes no sense and it aligns very well with the direction of where the firm is going (personalization of financial planning).
Yeah also noticed that along with the software, we're picking up 40 people to run it. Makes some in the home office redundant, doesn't it? Word is that they're keeping their separate office too.
@OP .. can't read article as I'm not a subscriber. Thank you for sharing thoughm
@ax exactly, the only firm looking to buy EJ would be a company that already doesn't have a brokerage unit.
We have to look like the big wall street guys first, then someone will buy us out. How else is chubak going to double AUM? Simple, buy up what we can afford from all our outsourced labor savings, then make ourselves look as lean as possible and profitable as possible for US Bank or whoever. LaQuinta even hinted at this before he announced being "retired". He made a comment about how places like LPL didn't even consider us a good option to buy, and this was "bad" for all of penny's new wall street friends she brought on post covid.